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Monday, November 25, 2024

Forest Glen home prices rise in August 2018

Re 7

The median sale price of a home sold in August 2018 in Forest Glen rose by $31,000 while total sales decreased by 14.3%, according to BlockShopper.com.

In August 2018, there were six homes sold, with a median sale price of $535,000 - a 6.2% increase over the $504,000 median sale price for the same period of the previous year. There were seven homes sold in Forest Glen in August 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2016, was $4,425, approximately 0.8% of the median home sale price for August 2018.

The following table compares Forest Glen to other Montgomery County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Poolesville770%$625,000$425,00047.1%
Laytonsville13-66.7%$560,000$695,000-19.4%
Takoma Park141127.3%$547,500$560,000-2.2%
Rockville554717%$542,000$636,000-14.8%
Gaithersburg8384-1.2%$540,000$499,9908%
Forest Glen67-14.3%$535,000$504,0006.2%
Silver Spring684261.9%$525,000$532,887.50-1.5%
Olney4551-11.8%$504,950$490,0003.1%
Derwood221546.7%$502,250$475,0005.7%
Hillandale30-$500,000$0-
Colesville31303.3%$480,000$475,0001.1%

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